AAON (NASDAQ:AAON) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS

AAON (NASDAQ:AAON) issued its quarterly earnings results on Thursday. The construction company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.58 by $0.05, Briefing.com reports. The firm had revenue of $327.25 million during the quarter, compared to analysts’ expectations of $315.80 million. AAON had a return on equity of 26.02% and a net margin of 15.60%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.64 earnings per share.

AAON Trading Up 16.2 %

Shares of AAON stock traded up $19.29 on Friday, reaching $138.39. 355,991 shares of the stock were exchanged, compared to its average volume of 602,867. The stock has a market cap of $11.21 billion, a P/E ratio of 60.38 and a beta of 0.79. AAON has a 1-year low of $57.19 and a 1-year high of $138.39. The company has a quick ratio of 1.70, a current ratio of 2.99 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average of $105.21 and a two-hundred day moving average of $91.18.

AAON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend was Friday, September 6th. AAON’s dividend payout ratio (DPR) is 14.41%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Robert W. Baird upped their price objective on shares of AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a report on Friday. Sidoti lowered shares of AAON from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $102.00 to $111.00 in a research note on Tuesday, October 22nd. DA Davidson raised their target price on shares of AAON from $102.00 to $150.00 and gave the company a “buy” rating in a report on Friday. Baird R W upgraded AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. Finally, StockNews.com upgraded shares of AAON from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.00.

AAON Company Profile

AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It offers rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls.